Catalyst Metals

#ASXNews Catalyst Metals is pleased to provide an update of exploration activity across the Plutonic Gold Belt. • Six exploration #drill rigs have now been mobilised to the Plutonic Gold Belt. • These drill rigs will undertake a series of exploration programs across the belt totalling 180,000m. • An initial step out #drilling program from the Hermes Resource has returned attractive results including: o 16m at 10.6g/t Au o 15m at 3.1g/t Au o 15m at 2.4g/t Au o 2m at 20.8g/t Au o 13m at 11.4g/t Au o 2m at 13.6g/t Au o 9m at 5.7g/t Au o 1m at 17.2g/t Au • A further step out program will occur in March when the drill rig returns to Hermes. • The March drill program will target deeper holes seeking to follow the mineralisation further down plunge and to extend Resources. • In the meantime, exploration rigs will continue programs across Trident, Plutonic underground, and a number of historical satellite pits. #CYL's Managing Director & CEO, James Champion de Crespigny, commented: “For some time now, Catalyst has been taking the steps to build out the growth platform of the business. Initially this started with stabilising the Plutonic operations to generate cashflows. "Second was strengthening the balance sheet allowing the development of three growth projects of Plutonic East, K2 and Trident on a path to produce 200koz of gold annually. The last of these steps is exploration. "Exploration will focus on building out Plutonic’s development pipeline. Hermes is a medium-term development opportunity and the results to date indicate the potential for extensions to the known Resource. "We are obviously hopeful these type of results continue as the 180,000m drill program unfolds over the course of this financial year.” VIEW the Announcement: https://loom.ly/rsSQu5k #CatalystMetals #ASX #Gold #Mining

Plutonic East Underground Mine is the first of three mines across the Plutonic Gold Belt, WA, to be developed on Catalyst Metals' path to 200,000oz of annual #gold production. The company has defined an initial 3-year mine plan at Plutonic East for 16koz p/a, with first ore targeted for CY2024 March quarter. The intention is to conduct further #drilling to expand the mine life out to five years – which would make it the third mine on the belt with a +5 year mine life. #CYL remains on-track and looks forward to providing further updates. See more: https://loom.ly/rnVIytY #CatlystMetals #ASX #WAMining #goldproduction

An underground diamond drill rig is now in place at Catalyst Metals' Plutonic East Mine. This rig will initially conduct grade control #drilling before moving to resource in-fill drilling. The objective of the in-fill drilling will be to increase indicated and inferred Resources, and therefore ultimately mine life. Plutonic East is a pre-existing underground mine last mined by Barrick in 2012. The mine has been on care and maintenance since. There are no new permits required for its initial re-development and the quality of the decline and existing mine infrastructure has surprised #CYL on the upside. Read the latest update: https://loom.ly/rnVIytY #ASX #gold #CatalystMetals

#ASXNews Catalyst now debt free Catalyst Metals is pleased to announce that the final instalment of a gold loan has been repaid. • In July 2023, Catalyst consolidated the Plutonic #Gold Belt by acquiring two contiguous companies • Through these acquisitions Catalyst inherited A$36m of debt • Over the past 18 months, this debt has been steadily repaid through operational cash flows • Today, Catalyst has repaid the final instalment of a gold loan, clearing all debt • This further strengthens the foundation from which Catalyst will self-fund its organic growth – stable operations and a strong balance sheet • This foundation has, in recent months, allowed Catalyst to increase #exploration spend, while also ramping up spending on the #development of Plutonic East • Catalyst’s focus over the near term remains doubling production across the Plutonic Gold Belt for A$31m, moving toward 200koz per annum gold production • As announced on 2nd December, Catalyst’s focus this quarter has been ramping up exploration and developing Plutonic East – Plutonic East lies 2km from Plutonic’s processing plant and is on track to deliver first ore in Q1 CY2025 #CYL Managing Director & CEO, James Champion de Crespigny, commented: “Over the past 18 months, Catalyst has cleaned up two inherited balance sheets by repaying A$36m of debt and improving its working capital position. Importantly for shareholders, this has been achieved using operating cashflows and without needing to raise capital. Catalyst now has a strong balance sheet with no debt, stable cashflows and its second mine coming online. This makes for a strong platform from which Catalyst can pursue its organic growth strategy to 200koz of gold production per annum.” View the announcement: https://loom.ly/HTzWjUs #CatalystMetals #ASX #MiningNews #WAMining

#ASXNews Plutonic East development on track Catalyst Metals is pleased to provide an update of progress at the Plutonic East development. Plutonic East is the first of three mines to be developed on Catalyst’s path to 200,000oz of annual #gold production. • Plutonic East is a pre-existing underground mine lying 2km from the Plutonic processing plant • The mine is being redeveloped by Catalyst • First ore is planned for the March quarter of CY2025 • This new ore feed will be fed through the Plutonic processing plant and in conjunction with the ore currently being fed from the Plutonic underground mine • The timeline to develop the mine, including dewatering, remains on track and budget • To ready the mine for operations, an underground drill rig has been mobilised to commence underground grade control drilling. This follows the previous grade control drilling that occurred from surface • Highlights from the grade control #drilling received to date are: o 9m at 22.7g/t Au o 6m at 20.2g/t Au o 2m at 19.6g/t Au o 8m at 3.2g/t Au o 11m at 16.4g/t Au o 7m at 11.1g/t Au o 2m at 13.8g/t Au o 4m at 6.4g/t Au • In September 2024, Catalyst articulated a three-year plan to double production across the Plutonic Gold Belt for $31m. This will be achieved by developing three new mines – Plutonic East is the first of these with first ore targeted for Q1 CY2025 #CYL’s Managing Director & CEO, James Champion de Crespigny, commented: “The progress at Plutonic East is pleasing. Its development is in line with previously released guidance. It is the first of three mines to be developed on our pathway to 200,000oz annual gold production. We are focused on keeping to schedule. To date, there have been no surprises. “A key attribute of Plutonic East is its low capital intensity. The low capital intensity of the development is a product of the infrastructure already in place – pre-exiting mine development, an underutilised mill, and supporting infrastructure such as power, camp, workshops and an airstrip. “The next projects to be developed are K2 and Trident, both of which continue to advance on schedule.” See the full announcement: https://loom.ly/rnVIytY #CatalystMetals #ASX #MiningNews #GoldMining

#ASXNews Catalyst Metals is pleased to share the Chairman’s Address and the Presentation made by the Managing Director at the Annual General Meeting, held on the 14 November 2024. VIEW the Presentation: https://loom.ly/DQJ1u3E #CatalystMetals #ASX #Mining #Shareholders

#ASXNews September 2024 Quarterly Report Catalyst Metals is pleased to provide its Quarterly Activities Report for the September 2024 quarter. Quarter highlights: 🔸Over 15 months, #CYL has reduced Plutonic’s 12-month TRIFR from 22 to 5.8. 🔸Gold production of 27,991oz and #gold sales of 29,920oz. 🔸Operating cashflow after corporate and non-discretionary capital was A$27m. A further A$6m was spent on discretionary growth and exploration capital to end the quarter with A$58m cash and bullion, up from A$37m last quarter-end. 🔸1Moz Ore Reserve (ORE) was released representing a 105% increase in ORE over 12 months. 🔸Three-year production guidance provided, outlining Catalyst’s pathway to 200koz per annum production for A$31m growth capital. The 1Moz Reserves underwrites this guidance. #CYL’s Management Commentary: “During the quarter we were able to grow our cash position to nearly A$60m while announcing our growth over the next three years – to double production at Plutonic for A$31m. This low capital intensity is made possible because of the extent of latent infrastructure embedded across the belt." See the full report: https://loom.ly/u9L8ye8 #CatalystMetals #MiningNews #ASX #Gold

#ASXNews Catalyst Metals is pleased to present its 2024 Annual Report for the year ending 30 June 2024. View the report: https://loom.ly/M884vN0 #CatalystMetals #CYL #ASX #gold #mining

Notice is given that the Annual General Meeting of shareholders of Catalyst Metals will be held at the Celtic Club, 48 Ord Street, West Perth, Western Australia on Thursday, 14 November 2024 at 10.00 a.m. If shareholders do not intend to attend the meeting in person, they will be able to participate by voting prior to the meeting by lodging the Proxy Form by no later than 10.00 am (AWST) on 12 November 2024. View the Notice & Proxy Form: https://loom.ly/fCIy5_k #CatalystMetals #CYL #ASX #gold

#ASXNews Annual Update of Mineral Resource and Ore Reserve Statement Catalyst Metals is pleased to provide its annual Mineral Resource and Ore Reserve statement as at 30 June 2024. • Total Mineral Resources are estimated to be 38 Mt at 2.9 g/t Au for 3,473 koz • Total Ore Reserves are estimated to be 10.6 Mt at 3.0 g/t Au for 1,015 koz Mineral Resources have increased year on year in the order of 130% across the group with Mineral Resource Estimates (MRE’s) declared at Plutonic Main and Plutonic East, updated MRE’s at Trident, Trident West and K2, as well as a 30% increase in the Henty MRE. Ore Reserves have also increased year on year in the order of 105% across the group with Ore Reserve Estimates (ORE’s) declared at Plutonic Main, Plutonic East and K2, updated ORE’s at Trident and Trident West, as well as a 71% increase in the Henty ORE. See the full announcement: https://loom.ly/xPTI2IU #CatalystMetals #CYL #ASX #gold #mining